Analysis

EURUSD 1.1209 ↓0.1%: Bears have the edge · 4H 12:00 Oct 23, 2026

·
Candle close
Price and energy
Open 1.122 · High 1.1223 · Low 1.1209 · Close 1.1209 · Range (high − low) 0.00145
EURUSD closed at 1.1209, down 0.001105 (-0.10%) from 1.122.
Bull–Bear energy behind the price: the market moved from the Bear Bias zone at -27.6% to Bear Bias at -37.5%, down 10.0 points.
Price and energy are moving down together.
Price and energy · last 4 candles
Price1.12251.12151.1221.1209
Energy-32.3%-27.8%-27.6%-37.5%
Price change↑ 0.18%↓ 0.09%↑ 0.04%↓ 0.10%
Energy change↑ 27.0↑ 4.6↑ 0.2↓ 10.0
Volatility trend chart · last 4 sessions
↑ 0.18%↓ 0.09%↑ 0.04%↓ 0.10%↑ 27.0↑ 4.6↑ 0.2↓ 10.0
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.10% — higher than 56% of past drops
0%255075100%
Energy down 10.0 pts — higher than 55% of past drops
Knowledge

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RESEARCH

Trend of Bear Bias EURUSD 4H

Sample: 21,479 4H candles from 2013-01-02 to 2026-10-22
Number of Bear Bias occurrences: 1,693 times

▸When EURUSD is in Bear Bias:

  • then EURUSD moved to higher Market State: 1,158 times — 68.4%
  • then EURUSD moved to lower Market State: 535 times — 31.6%

▸Current EURUSD market energy: -37.53%

  • Distance to upper bound of Bear Bias (at -20.88%): 16.65%
  • Distance to lower bound of Bear Bias (at -60%): 22.47%

"Why does archaeology matter?" — 2AITRADING

EURUSD · H4 · 2026-10-23 01:00 UTC
Preview the last 30 candles — price and energy
View live EURUSD chart →
Market Energy
-27.6%
Bear Bias
-37.5%
Bear Bias
Expected at
16:10
Zone
-60 – -20.88
Bias
Sellers in control
Explanation

From the just-closed 4H candle data, EURUSD reflects the energy level leaning Bear.

Looking at the Market Energy reading, Energy delta -10%: Market Energy at -37.5%, previously -27.6%.

Time in Bear Bias energy zone: 5 4H Candle

2AiTrading Market Energy Model

Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.

Market context
Historical perspective

Over the past 5 days, EURUSD Market Energy ranged from -59.3 to 43.8.

Frequently asked questions

What did EURUSD price and energy show when this 4H candle closed?

When the 4H candle closed at 12:00 on 23-10-2026, EURUSD was at 1.1209, down 0.1% from the previous candle (1.122). Market Energy was -37.5%, down 10.0 points from -27.6%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.

How much did EURUSD price move on this 4H candle, and how large is that historically?

EURUSD closed at 1.1209, down 0.1% from the previous 4H candle (1.122). This drop is larger than 56% of past drops on the 4H timeframe for EURUSD, across 12,164 candles since 2019.

How did EURUSD Market Energy change from the previous candle?

Market Energy fell 10 percentage points from the previous candle — from -27.6% to -37.5%. This drop is larger than 55% of past drops on the 4H timeframe for EURUSD.

Do EURUSD price and energy agree?

Yes. This candle recorded price moving down in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.

What state was EURUSD in on the previous 4H candle?

The previous 4H candle had EURUSD at -27.6%, Bear Bias — this candle kept the same state, no zone change.

Where does EURUSD energy sit within the Bear Bias zone?

At -37.5%, EURUSD is 16.65 points from the upper boundary of Bear Bias (-20.88%) and 22.47 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.

What does Bear Bias mean?

Bear Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.

See the full Bear Bias definition →

How are the broader market indices trending?

Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bear Bias with energy -31.5%; GER40 (European equities) in Bear Extreme with energy -77.6%. Against this backdrop, EURUSD (Bear Bias, -37.5%) has higher energy than GER40; sits in the same state zone as SPX500.

How is the US Dollar Index (DXY) trending?

Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bull Bias with Market Energy 26.1%. EURUSD (Bear Bias) and DXY currently sit on opposite sides.

Real-time Energy Chart

See the real-time energy chart for EURUSD.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for EURUSD on the EURUSD overview →

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